Asahi Life Asset Management CO. LTD. Takes Position in FedEx Corporation $FDX

Asahi Life Asset Management CO. LTD. bought a new position in FedEx Corporation (NYSE:FDXFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 1,930 shares of the shipping service provider’s stock, valued at approximately $455,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the period. Empowered Funds LLC lifted its stake in FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in FedEx in the second quarter worth about $586,000. Avidian Wealth Enterprises LLC boosted its position in shares of FedEx by 10.6% during the second quarter. Avidian Wealth Enterprises LLC now owns 1,226 shares of the shipping service provider’s stock valued at $279,000 after buying an additional 117 shares during the period. Finally, Ethic Inc. grew its stake in shares of FedEx by 13.0% during the second quarter. Ethic Inc. now owns 17,379 shares of the shipping service provider’s stock valued at $3,978,000 after buying an additional 1,995 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 1.4%

NYSE FDX opened at $388.49 on Friday. FedEx Corporation has a one year low of $194.29 and a one year high of $391.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The company has a market capitalization of $91.34 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34. The company’s 50-day simple moving average is $321.56 and its two-hundred day simple moving average is $271.48.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be paid a $1.45 dividend. The ex-dividend date is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is 31.97%.

Key FedEx News

Here are the key news stories impacting FedEx this week:

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Evercore raised their price target on FedEx from $288.00 to $364.00 in a research note on Friday, February 13th. Rothschild & Co Redburn set a $271.00 target price on FedEx in a research report on Wednesday, January 21st. Wolfe Research boosted their target price on shares of FedEx from $355.00 to $394.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Citigroup raised their price target on shares of FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group boosted their price objective on shares of FedEx from $326.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.00.

Get Our Latest Stock Report on FedEx

FedEx Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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